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Simple Declaration Of Trust Property

Simple Declaration Of Trust Property Template for Malaysia

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Key Requirements PROMPT example:

Simple Declaration Of Trust Property

"I need a Simple Declaration of Trust Property to be drafted for a residential property in Kuala Lumpur, where I will act as trustee holding the property for my three adult children as beneficiaries, with equal distribution of income starting from March 2025."

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Document background
A Simple Declaration Of Trust Property is essential in Malaysian property and trust arrangements when establishing formal trust relationships over property assets. This document is commonly used when individuals or entities wish to separate legal and beneficial ownership of property, whether for family wealth planning, asset protection, or business purposes. It must comply with Malaysian legislation, including the Trustees Act 1949 and National Land Code 1965, and should be properly executed and stamped according to local requirements. The document typically includes detailed information about the trust property, parties involved, trust terms, and trustee powers, making it a crucial tool for property holding arrangements in Malaysia.
Suggested Sections

1. Parties: Identifies the Settlor (creating the trust) and the Trustee(s) who will hold the property

2. Background: Explains the context and purpose for creating the trust

3. Definitions: Defines key terms used throughout the declaration

4. Declaration of Trust: The formal declaration establishing the trust and confirming the Trustee holds the property in trust

5. Trust Property: Detailed description of the property being placed in trust

6. Beneficiaries: Identifies and defines the beneficiaries of the trust

7. Trust Terms: Specifies how the trust property is to be held and managed

8. Trustee Powers: Standard powers granted to the trustees to manage the trust

9. Duration of Trust: Specifies when the trust begins and any termination conditions

10. Governing Law: Confirms the declaration is governed by Malaysian law

11. Execution: Formal signing section with witness requirements

Optional Sections

1. Appointment and Removal of Trustees: Include when there may be multiple trustees or need for future trustee changes

2. Investment Powers: Include when trustees need specific investment authority beyond statutory powers

3. Distribution Provisions: Include when there are specific rules for distributing trust income or capital

4. Protection Clause: Include to limit trustee liability in specific circumstances

5. Variation Powers: Include when flexibility to modify trust terms may be needed

6. Administrative Provisions: Include when specific administrative procedures need to be documented

7. Remuneration of Trustees: Include when trustees are to be compensated for their services

Suggested Schedules

1. Schedule 1 - Trust Property Details: Detailed description and/or inventory of the trust property

2. Schedule 2 - Beneficiary Information: Full details of beneficiaries including shares or entitlements

3. Schedule 3 - Special Conditions: Any special conditions or restrictions on the trust

4. Appendix A - Property Documents: Copies of relevant property ownership documents

5. Appendix B - Required Statutory Forms: Any statutory forms required under Malaysian law

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

























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Relevant Industries

Real Estate

Banking & Financial Services

Wealth Management

Family Office

Legal Services

Property Development

Private Banking

Asset Management

Professional Services

Relevant Teams

Legal

Property Management

Wealth Management

Compliance

Private Client Services

Real Estate

Trust Administration

Asset Management

Corporate Services

Relevant Roles

Trust Officer

Property Lawyer

Estate Planning Attorney

Wealth Manager

Legal Counsel

Property Manager

Trust Administrator

Compliance Officer

Private Client Advisor

Real Estate Manager

Family Office Manager

Asset Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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